The German economy grew a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, following a 0.7 percent expansion in the previous period and matching the preliminary estimate. Growth was mainly driven by foreign demand while household consumption and fixed investment were unchanged from the previous quarter. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2017, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.50 percent in the first quarter of 2009.

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German Q4 GDP Growth Confirmed at 0.6%

The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, following a 0.7 percent growth in the previous period and matching the preliminary estimate.

The largest contribution to growth was from foreign demand at 0.5 percentage points, followed by general government at 0.1 percentage points; while other components were neutral.

Exports of goods and services rose 2.7 percent from the previous period (vs 1.8 percent in Q3), while imports went up at a slower 2.0 percent (vs 1.1 percent in Q3). In addition, government spending increased by 0.5 percent, the same pace as in the previous three-month period. On the other hand, household consumption was unchanged from the previous period, following a slight contraction of 0.2 percent in the third quarter, and gross fixed capital formation showed no growth, after a 1.9 percent jump. Investiment in machinery and equipment was up 0.7 percent on a quarter earlier, while gross fixed capital formation in construction declined by 0.4 percent.

Year-on-year, the economy expanded a calendar-adjusted 2.9 percent, following a 2.7 percent growth in the previous period. It was the strongest pace of expansion since the third quarter of 2011, mainly due to a positive contribution from net trade, as exports jumped 5.6 percent (vs 4.9 percent in Q3) and imports rose at a softer 4.8 percent (vs 5.8 percent in Q3). Also, household consumption increased by 1.2 percent (vs 2 percent in Q3) and fixed investment was up by 3.3 percent (vs 3.4 percent in Q3), mainly boosted by investment in machinery and equipment (6 percent vs 4.5 percent in Q3) and construction (1.3 percent vs 2.8 percent in Q3). Government expenditure rose by 1.6 percent, the same pace as in the third quarter. Meantime, unadjusted data showed the economy advanced 2.3 percent on the year, following a 2.2 percent expansion in the previous period.

Considering 2017 as a whole, the GDP growth was confirmed at 2.5 percent on a calendar-adjusted basis (vs 1.9 percent in 2016) and at 2.2 percent on a price-adjusted basis (vs 1.9 percent in 2016).

German Q4 GDP Growth Weaker than Expected
The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, after a downwardly revised 0.7 percent growth in the previous period and below market expectations of 0.8 percent, the preliminary estimate showed.Published on 2018-02-14

German Q3 GDP Growth Confirmed at 0.8%
The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It marked the 13th straight quarter of growth, mainly supported by foreign trade and investment while household consumption and government spending were rather stable.
Published on 2017-11-23

German Q3 GDP Growth Stronger than Estimated
The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and beating market expectations of a 0.6 percent expansion, the preliminary estimate showed. Positive contributions mainly came from fixed investment and net trade while household consumption and government spending were stable. Published on 2017-11-14

German GDP Growth Confirmed at 0.6% in Q2
The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the second quarter of 2017, following a 0.7 percent growth in the previous period and matching the preliminary estimate. It marked the 12th straight quarter of expansion, mainly supported by domestic demand and investment while net trade had a downward effect.
Published on 2017-08-25

Germany GDP Growth Rate

Germany is the fifth largest economy in the world and the largest within the Euro Area. Germany is the second largest exporter in the world and exports account for more than one-third of national output. As such, the export of high added value products has been the main driver of growth in recent years. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Exports of goods and services account for 46 percent of GDP while imports for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2018.